GAM’s Greensill tie-up survives sacking of star manager

Asset manager GAM is continuing to operate a co-branded fund with Greensill, the company whose relationship with one of GAM’s star fund managers was a key focus of an investigation that led to him being fired, according to people familiar with the matter.

The Swiss company said last week that, following an investigation, it had dismissed Tim Haywood, for gross misconduct and “serious failure to achieve the standard of skill and care which were to be expected of someone in his position”.